Message from @Dr.Wol
Discord ID: 491630746457341952
in a few years it could be done
probably 5 to 10
relax guys heres what will happen if China goes broke
but we def are Not there yet
We are heading in a positive direction like I said.
apple and nike become useless cuz they can't produce
So they get nationalised as companies
And the US will use that company money to pay the debt
done 😉
The debt that American companies in China that own will come with them to United States.
So really, if you look at the technicals... most of the money is own by American Companies in China.
While maybe 1/4th of that debt is owned by China itself.
i think a lot of that is incorrect, but i have no sources at the moment to back it up
For it to be impactful, they would have to take over United States companies somehow without forfeiting that debt.
its a communist state, dont put that behind them
Venezuela seized companies too
It would make that debt useless.
ya that is what would happen next, the seizures
and we know how that goes
They wouldn't be able to claim it.
Seizing a foreign nation's company and trying to claim that debt makes it invalid.
The debt would be defaulted, leading to United States being free from it.
If China goes bankrupt, they'll need bail-out money from the US which they'll get, in exchange for removing the debts, and adding to the debt China has to the US
investors will flood to China, making it wealthy again, to pay off the US
ima bail out now 😛
i think what doc says makes a bit more sense to play out
Dusty i think you are looking at it from a consumer debt point of view
i dont believe a nations debt works the same
i could be way off
but i do think a trade of canceling debt for relief money is the likely scenerio
or the relief money wil just be the repayment not really a canceling
the question is
do we really have enough to prop up china if we have to?
i think that is a much bigger question
im not so sure we do
oh lord. europe would probably have to chip in too i bet
at the very least
would likely take the whole world chipping in to stop the collapse if it came to that point
Besides I don't think China would sell off debt, even if their economy collapses.
Pegging their Currency to ours aka Debt keeps their currency afloat.
yes
im not 100% sure about this, but didnt trump make a move recently to stop that practice?
i thought i had heard something about that